Jacob And Jacob Limited Accounts

JACOB AND JACOB LIMITED - Company Information






Jacob And Jacob Limited

	Company No. 09240304
		Information for Filing with The Registrar
		30 September 2021

The Director presents his report and the accounts for the year ended 30 September 2021.

Principal activities
The principal activity of the company during the year under review was provision of electrical services and electrical installation.




Director

The Director who served at any time during the year was as follows:

C. Jacob





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C. Jacob
Director
23 September 2022

at	30 September 2021
Company No.		09240304	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	1,083	-


				1,083	-
Current assets

	Debtors		5	35,411	-

	Cash at bank and in hand			28,362	64,982
				63,773	64,982
Creditors: Amount falling due within one year			6	(59,872)	(55,828)
Net current assets				3,901	9,154
Total assets less current liabilities				4,984	9,154




Net assets				4,984	9,154

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		7	4,983	9,153

Total equity				4,984	9,154



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 23 September 2022
And signed on its behalf by:
C. Jacob
Director
23 September 2022

for the year ended 30 September 2021

General information

Its registered number is: 09240304

Its registered office is:

Office 12, 19 Moorfield Road

Slyfield Industrial Estate

Guildford

Surrey

GU1 1RU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	1,445	1,445



		At 30 September 2021	1,445	1,445
		Depreciation

		Charge for the year	362	362



		At 30 September 2021	362	362
		Net book values
		At 30 September 2021	1,083	1,083

5	Debtors
			2021	2020
			£	£






		Other debtors	35,411	-

			35,411	-

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£

		Bank loans and overdrafts	30,632	32,704


		Trade creditors	2,850	2,010

		Corporation tax	7,139	6,112
		Other taxes and social security	13,365	4,486
		Loans from directors	826	7,963

		Accruals and deferred income	5,060	2,553
			59,872	55,828

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	9,000	15,000

			9,000	15,000

		Dividends by type:

		Equity dividends	9,000	15,000
			9,000	15,000